E ISSN: 2583-049X
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International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 6, 2024

Integrating Economic and Financial Statistics in Developing Predictive Models for Logistics Optimization



Author(s): Opeyemi Morenike Filani, John Oluwaseun Olajide, Grace Omotunde Osho

DOI: https://doi.org/10.62225/2583049X.2024.4.6.4623

Abstract:

This paper explores the integration of economic and financial statistics into predictive models aimed at optimizing logistics operations. It highlights how macroeconomic indicators, financial data, and operational logistics data can be combined to improve forecasting accuracy, route optimization, and supply chain risk management. A systematic literature review methodology underpins the conceptual framework, synthesizing best practices and identifying gaps. The study proposes a layered framework to facilitate effective data collection, integration, and predictive analysis, enabling more informed, resilient logistics decision-making, particularly in emerging markets.


Keywords: Predictive Models, Logistics Optimization, Economic Indicators, Financial Statistics, Supply Chain Resilience, Data Integration

Pages: 2593-2601

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